Even as the new paradigm in post-RERA scenario ensures that the Indian real does flourish, we also need to factor in ground realities that will play a major role in shaping it into an economy of trillion dollars.

The rate cut is a huge relief for homebuyers. Home loan interest rates have risen by as much as 5 to 7 per cent in the last one year because the RBI hiked its repo rates by 50 basis points over the period.